As shown on the chart above,
The dollar index, which is the value of the US dollar relative to a basket of foreign currencies, gained strength this week after hitting a multi year trend line support (2011-2020) and a horizontal support around 92.10.
This explains the bearish move for the EUR/USD, which lost around 200 pips in a week.
Not to mention GBP/USD which lost more than 250 pips in a single day.
The bullish DXY move was supported by some fundamentals like rising Covid-19 cases in the European continent and worse than expected PMI data in Germany and France.
Good luck
The dollar index, which is the value of the US dollar relative to a basket of foreign currencies, gained strength this week after hitting a multi year trend line support (2011-2020) and a horizontal support around 92.10.
This explains the bearish move for the EUR/USD, which lost around 200 pips in a week.
Not to mention GBP/USD which lost more than 250 pips in a single day.
The bullish DXY move was supported by some fundamentals like rising Covid-19 cases in the European continent and worse than expected PMI data in Germany and France.
Good luck
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.